718-720 Caroline Street

718-720 Caroline Street Key West, FL 33040

718-720 Caroline Street, Key West, FL, 33040
718-720 Caroline Street, Key West, FL, 33040 718-720 Caroline Street, Key West, FL, 33040 718-720 Caroline Street, Key West, FL, 33040 718-720 Caroline Street, Key West, FL, 33040 718-720 Caroline Street, Key West, FL, 33040 718-720 Caroline Street, Key West, FL, 33040 718-720 Caroline Street, Key West, FL, 33040
FOR SALE
Property Type:
Street Retail
Amount:
$2,450,000
Last Verified:
Sep 03, 2025

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Description

Introducing a prime investment opportunity at 718-720 Caroline Street, Key West, FL. This historic property boasts a 3,424 SF building with three units, offering versatile retail or street retail spaces for savvy investors. Built in 1918 and zoned HNC(1-3) - Hist Nghborhd Comml 1-3 Coastal Med, this meticulously-maintained property captures the essence of Key West's rich architectural heritage. With a 100% occupancy rate, it presents a lucrative prospect for Retail / Street Retail investors seeking a flourishing market with a strong tenant base. Don't miss the chance to own a piece of Key West's history and secure a profitable venture in this sought-after commercial district. Businesses not for sale, please do no disturb the businesses.

Discover the vibrant and historic seaport on Caroline Street area in Key West, FL, offering the perfect blend of charm and commercial opportunity. Nestled in the heart of Old Town Key West, the location offers a desirable mix of foot traffic and local attractions. Visitors and residents alike flock to Duval Street for its renowned shopping and dining experiences. Nearby, Mallory Square hosts the world-famous Sunset Celebration, drawing in crowds with its lively street performers and artisan stalls. The location's proximity to the Key West Historic Seaport and waterfront attractions further enhances its appeal, making it an enticing prospect for Retail / Street Retail investors seeking an iconic Florida destination for their next venture.


Year Built: 1918
Building Size: 3424sq ft
Lot Size: 0 acres

Map of 718-720 Caroline Street, Key West, FL, 33040

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.